Teck Resources Limited Downgraded to “Underperform” at Zacks (TCK) - InvestingChannel

Teck Resources Limited Downgraded to “Underperform” at Zacks (TCK)

Teck Resources Limited (NYSE: TCK) Teck Resources Limited traded down 3.10% on Monday, hitting $33.09. Teck Resources Limited has a 1-year low of $26.12 and a 1-year high of $41.58. The stock?s 50-day moving average is currently $36.46. The company has a market cap of $19.267 billion and a price-to-earnings ratio of 24.29. Teck Resources Limited last issued its quarterly earnings data on Thursday, February 7th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.24. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.53 billion. On average, analysts predict that Teck Resources Limited will post $2.26 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank cut their price target on shares of Teck Resources Limited from $37.00 to $33.00 in a research note to investors on Friday, February 8th. They now have a ?hold? rating on the stock. Separately, analysts at BMO Capital Markets cut their price target on shares of Teck Resources Limited from $40.00 to $39.00 in a research note to investors on Friday, February 8th. They now have an ?outperform? rating on the stock. Finally, analysts at JPMorgan Chase downgraded shares of Teck Resources Limited from an ?overweight? rating to a ?neutral? rating in a research note to investors on Friday, February 8th. Teck Resources Limited (Teck), formerly Teck Cominco Limited, is engaged in mining and related activities, including exploration, development, processing, smelting and refining. To view Zacks? full report, visit www.zacks.com

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